Fiscal 2023 DIF Account

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DCU Numbers Fiscal Year Ending 2021

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Page  10


        • Fiscal 2021 loss of  $496,647
        • Net position end of the year  minus  $1,517,4722

This was during COVID so not to unexpected but a littler surprised by the amount of the losses. 

Auditor's report for FY 2022 will be out soon.

It will be interesting to  look at the

  1. DCU numbers
  2. Green Hill Gold Course
  3. Polar Park DIF



Comments

Anonymous said…
DCU in 2021 losing money? Not a surprise. Keep in mind they didn’t have the Railers playing until October so they lost revenue on January to April, they also lost partial revenue on dance events and other conventions they host. If the DCU center charges for it as well, they lost money on graduations too and proms since most of them didn’t happen or happened at Polar Park. 2022 we should see it break about even or still lose a little bit of money but not much because not all events that happen every year will have returned in 2022 and are returning this year. Just gotta wait and see but the DCU center losing money in 2021 should not come as a shock (don’t forget that arenas and stuff didn’t open at 100% capacity until Memorial Day weekend and that’s 5 months into the year.
January 16, 2023 at 7:38 PM
Anonymous said…
The golf course probably did well in 2022. Where enclosed activities, like the DCU, were restricted or non-existent outdoor activities were recommended during COVID. That coupled with lock down fatigue makes me believe a lot of people golfed.
January 17, 2023 at 3:20 AM
Anonymous said…
Taking the flight from FLL to ORH today, only 5 coach seats left and 21 even more space seats left as well. Wouldn’t surprise me if there’s standby passengers that it’s a sold out flight with the regular coach seats potentially. Regardless 136/162 seats paid for and booked is really good for Worcester. That’s 83.9% flight load which on an E190 aircraft would be overbooked by 36 seats. Might be safe to say that the A320 aircraft change on busy days certainly is paying off, especially when flights if you book them in advance are a lot cheaper since more seats are available. When the data comes out for the months since the A320 has taken over, If the percentage is higher than 61.7%, then that means the flights are being booked more than when the E190 aircraft did the flight (E190 has 100 seats, A320 has 162 and 100/162 is 61.7).
January 18, 2023 at 6:29 AM
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